Why did my FICO Score drop in 30 days???

Why did my FICO Score drop in 30 days???

OK... I paid my $45 on January 15th to run my score... it came back 708. Now, I had a lender run my score and it comes back @690??? I did NOTHING to impact this drop! I wonder how legit the numbers are that I ran on this site! Any ideas/suggestions?

Re: Why did my FICO Score drop in 30 days???

64met wrote:

OK... I paid my $45 on January 15th to run my score... it came back 708. Now, I had a lender run my score and it comes back @690??? I did NOTHING to impact this drop! I wonder how legit the numbers are that I ran on this site! Any ideas/suggestions?

Thxs!

You have three classic FICO scores, one from Equifax, one from TransUnion, and one from Experian. And as Sylvia said, your lender might have pulled something called an "auto-enhanced" score, created for the auto loan industry that tries to be more predictive of car loan behavior.

So the difference could be that they pulled a different FICO than you did (EQ vs TU vs EX), and they might have pulled an auto-enhanced vs the one you get here, and they might have done both (you pulled classic EQ FICO vs they pulled auto-enhanced TU.)

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Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.